Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 216,178 shares, an increase of 360.9% from the June 30th total of 46,902 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 306,933 shares, the days-to-cover ratio is presently 0.7 days.
Fidelity MSCI Health Care Index ETF Price Performance
FHLC traded up $0.80 on Monday, reaching $79.64. 31,499 shares of the company’s stock were exchanged, compared to its average volume of 199,321. The stock has a market cap of $3.31 billion, a PE ratio of 21.23 and a beta of 0.60. Fidelity MSCI Health Care Index ETF has a twelve month low of $61.11 and a twelve month high of $80.53. The stock’s fifty day moving average price is $75.08 and its 200-day moving average price is $73.54.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in FHLC. Franklin Resources Inc. acquired a new position in Fidelity MSCI Health Care Index ETF in the fourth quarter valued at about $26,000. Meramec Financial Planners LLC increased its position in shares of Fidelity MSCI Health Care Index ETF by 65.3% during the first quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock valued at $28,000 after acquiring an additional 156 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF during the fourth quarter valued at about $34,000. Russell Investments Group Ltd. raised its stake in shares of Fidelity MSCI Health Care Index ETF by 1,105.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock valued at $31,000 after acquiring an additional 431 shares during the period. Finally, Advocate Investing Services LLC purchased a new stake in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at approximately $37,000.
About Fidelity MSCI Health Care Index ETF
The Fidelity MSCI Health Care Index ETF (FHLC) is an exchange-traded fund that is based on the MSCI US IMI 25\u002F50 Health Care index, a market-cap-weighted index of stocks in the broad US health care sector. FHLC was launched on Oct 21, 2013 and is managed by Fidelity.
Further Reading
- Five stocks we like better than Fidelity MSCI Health Care Index ETF
- Atlassian’s AI Pivot Is Starting to Challenge Wall Street’s Bear Case
- Apple’s Earnings Setup Puts Its Record Rally and AI Patience to the Test
- Oil Prices Are Surging and These 4 Stocks Are Cashing In
- Innovative ETF Strategies That Are Paying Off This Summer
Receive News & Ratings for Fidelity MSCI Health Care Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Health Care Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
